US, UK, Canada sanction Iran's banks, petro-chem

Iran Iaea Sanctions Resolution

Following the IAEA resolution about Iran allegedly pursuing nuclear weapons, Washington is set to ban Iran from world wide oil markets by imposing sanctions on Tehran’s petrochemical industry.

Dr Seyed Mohammad Marandi from Tehran University says IAEA sanctions do not have any impact on Iran but do expose US weakness on the problem.

The IAEA has passed a resolution on Iran, drafted by a group of international mediators ( via ).

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